By Okeoghene Akubuike The National Bureau of Statistics (NBS) says total capital importation in Nigeria stood at 5642.07 million dollars in the first quarter of 2025. The NBS said this in its Nigeria Capital Importation 2025 first quarter report released in Abuja. The report said that the first quarter figure wasContinue Reading
By Muhyideen Jimoh President Bola Tinubu has signed the Nigerian Insurance Industry Reforms (NIIR) Bill 2025 into Law, marking a major step toward strengthening the financial sector and driving a one trillion dollar economy. This is contained in a statement by Presidential Spokesperson, Mr Bayo Onanuga on TuesdayContinue Reading
By Nana Musa The Dangote Cement Plc has bagged the ‘Cement Company of the Year’ award for its support for the real estate sector in Africa. The award was given at the just concluded Africa International Housing Show (AIHS) in Abuja. The Dangote Cement Plc is one ofContinue Reading
Okeoghene Akubuike The Bureau of Public Procurement (BPP) has commenced the implementation of its E-Government Plan in line with the Federal Government’s drive towards digitalisation and enhanced efficiency in public service delivery. This is according to a circular by the Director-General of BPP, Dr Adebowale Adedokun titled: “Transition to ElectronicContinue Reading
By Okeoghene Akubuike Dr Adebowale Adedokun, Director-General (D-G), Bureau of Public Procurement (BPP), says plans are underway to begin issuing practice licenses for individuals conducting procurement training. Adedokun said this in a statement issued by Zira Nagga, Head of Public Relations, BPP, in Abuja on Tuesday. He spoke at the NigerianContinue Reading
By Okeoghene Akubuike The Nigeria Sovereign Investment Authority (NSIA) has announced the winners of the third edition of the NSIA Prize for Innovation (NPI 3.0). The winners were announced in a statement by Joyce Onyegbula, Head Corporate Communications, NSIA, following an intense pitch session at the recent NPI 3.0 DemoContinue Reading
By Rukayat Moisemhe The Centre for the Promotion of Private Enterprises (CPPE) has projected that Nigeria’s Gross Domestic Product (GDP) could reach an estimated $450 billion by year-end, driven by ongoing economic recovery. CPPE’s Chief Executive Officer (CEO) and an economist, Dr Muda Yusuf, made this known on Sunday inContinue Reading
By Taiye Olayemi Stock market investors traded 4.847 billion shares worth N149.755 billion in 174,267 transactions on the floor of the Exchange during the week ended. This is in contrast to 3.691 billion shares valued at N112.261 billion that exchanged hands last week in 138,250 transactions. Consequently, the value ofContinue Reading
By Taiye Olayemi The equities market sustained its positive momentum throughout the week, closing with N948 billion gain. The performance was driven by sustained buying interest in stocks like UAC of Nigeria, BUA Cement, Beta Glass, Legend Internet Plc and 30 other stocks. Market capitalisation rose by N948 billion, orContinue Reading
By Emmanuella Anokam The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has urged the Federal Government to intervene in Dangote Refinery’s move to supply petroleum products directly to consumers and its effect on current distributors. NOGASA said the move by the refinery to bypass the traditional distributionContinue Reading
